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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenue        
Construction $ 385,744 $ 431,101 $ 748,803 $ 784,393
Large project construction 255,918 213,320 648,645 513,478
Construction materials 86,782 83,171 175,754 165,083
Sales of Real Estate 38 986 5,055 7,029
Total revenue 728,482 728,578 1,578,257 1,469,983
Cost of revenue        
Construction 352,471 372,561 688,989 696,911
Large project construction 198,104 187,763 540,343 443,965
Construction materials 76,798 73,617 166,720 154,329
Real estate 10 744 4,254 5,941
Total cost of revenue 627,383 634,685 1,400,306 1,301,146
Gross profit 101,099 93,893 177,951 168,837
Selling, general and administrative expenses 41,280 39,112 125,274 121,277
Gain on sales of property and equipment 1,622 5,598 6,493 11,572
Operating income 61,441 60,379 59,170 59,132
Other income (expense)        
Interest income 485 476 2,140 2,295
Interest expense (2,561) (3,418) (8,570) (7,653)
Equity in income of affiliates 1,481 1,881 380 1,443
Other income (expense), net 2,013 (1,833) 3,866 (1,951)
Total other income (expense) 1,418 (2,894) (2,184) (5,866)
Income before provision for income taxes 62,859 57,485 56,986 53,266
Provision for income taxes 17,113 15,109 15,440 11,973
Net income 45,746 42,376 41,546 41,293
Amount attributable to noncontrolling interests (8,625) (5,908) (14,249) (8,886)
Net income attributable to Granite Construction Incorporated $ 37,121 $ 36,468 $ 27,297 $ 32,407
Net income per share attributable to common shareholders (see Note 14)        
Basic $ 0.96 $ 0.94 $ 0.71 $ 0.84
Diluted $ 0.94 $ 0.93 $ 0.70 $ 0.83
Weighted average shares of common stock        
Basic 38,518 38,172 38,418 38,092
Diluted 39,141 38,598 39,013 38,428
Dividends per common share $ 0.13 $ 0.13 $ 0.39 $ 0.39